Wondering where your new Nikes are?

Watch: How and why the Houthis are choking global trade.

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The Suez Canal shipping route is one of the most important trading arteries in the world.

The Yemen-based Houthi movement has wrought havoc on more than a trillion dollars worth of global trade since it began attacking ships in the Red Sea in protest against Israel’s all-out assault on Palestine.

The response from outside has been fast and lethal. Militaries from all over have descended on the region to defend the trade corridor. The United States and the United Kingdom are leading airstrikes aimed at disrupting and weakening the Houthis. India has at least a dozen warships in the region, the European Union is offering a fleet while navies from Singapore and Sri Lanka are joining the fight to defend trade.

To get around this crisis, shipping companies are using alternate routes and have so far managed to find ways to limit price rises to moderate levels, relative to what they could have been.

So far, the disruptions have not plunged the world into economic turmoil, but with the global order recovering from a pandemic and its economic upheaval, what impact is this having on major companies like Nike?

By Lachlan Guselli and Reece Hooker, 360info.

Thanks to Sarah G. Phillips and Michael Bell from the 澳大利亚悉尼大学 for providing their expert knowledge and insights.

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